261 BoweryNew York, NY 10002
- Mixed-use properties
- 4,899 SF
Property Details for 261 Bowery
- Year built
- 1910
- Lot size
- 0.06 AC
- Property size (Sq ft)
- 4,899 SF
- Zone code
- C6-1
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00427-0009
- APU
- 4270009
Description
This exceptional 2,500-square-foot retail space is ideally situated at 261 Bowery in the vibrant heart of New York City's Lower East Side, within New York County. The property offers a unique opportunity for a single tenant to establish a prominent presence in a high-traffic area. Currently entirely vacant, this space presents a blank canvas for a discerning business to customize and develop to its exact specifications. The building's total square footage mirrors the available space, ensuring complete control and exclusivity for the tenant. The address, 261 Bowery, places the property within a dynamic and densely populated neighborhood, offering significant foot traffic and visibility. This is a single-tenant occupancy, eliminating the complexities of multi-tenant management. The property's location in New York County, New York, with a zip code of 10002, provides easy access to various transportation options and a diverse customer base. This is an unparalleled opportunity to secure a prime retail location in one of New York City's most sought-after neighborhoods. The property's size and location make it suitable for a wide range of retail businesses seeking a high-impact presence. The completely vacant space allows for complete design flexibility, enabling a tenant to create a truly bespoke retail environment. This is a rare chance to acquire a significant retail footprint in a dynamic and rapidly evolving area of Manhattan.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,004,339
- 6.5%
- $927,082
- 7%
- $860,862
-
Comparable approach
- Method
- Valuation
- Relative Method
- $992,160
- Geo Method
- $992,160
-
Alternative Use
- Use
- Valuation
- Residential
- $927,082
- Hospitality
- $849,202
- Educational
- $706,526
- Medical
- $730,825
- Retail
- $1,099,041
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.7233
- Longitude
- -73.9925
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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